The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

VIPR Industries Starts to Identify Additional Target Zones for Further Exploration on Its Singida-Londoni Property

VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces that it has started identifying target zones for further exploration on its Singida-Londoni Gold property.

The company has been analyzing data previously received from its Singida-Londoni Property which it now intends to advance at a more rapid pace due to recent events regarding exploration financing. VIPR has recently received small tranches of funding and is expecting further more significant tranches to be put towards additional exploration, details of which to be made shortly available. The commencement of the next phase of exploration is contingent upon various factors including the additional funding and is to consist of; ground magnetic survey and geological mapping, a minimum of 20 pits and 20 trenches on a 200m grid, approximately 200 soil samples are expected to be collected on a 100m X 100m grid covering the whole tenement, and data processing and interpretation. The soil survey is designed to tighten the spacing of the soil grids to allow further definition of drill targets and to explore new areas, as part of the Company's on-going exploration program. The final report on the suggested target zones are to be sent to its Chief Operating Officer and Chief Geologist, Michael Sandidge, for review and input prior to any final decisions.

JC Barbeck, President and CEO of VIPR commented, "We are eager to further expand on positive data and focus on obtaining additional affirmative results that can lead to a drilling program. The area has been proven to be a positive asset for various other company's currently operating in this region, which VIPR hopes to also be a beneficiary of."

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions, inherent mining risks, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and website, which all investors are advised to view at www.viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

For more information please visit www.viprindustries.com.

SOURCE: VIPR Industries Inc.

VIPR Industries Inc.
Investor Relations
(702) 940-0494
Email: info@viprindustries.com
Website: www.viprindustries.com

Copyright (C) 2009 Marketwire Canada. All rights reserved

News Provided by COMTEX


Related terms: ceo, exploration, gold, market, mining, president, property, securities

Related Articles

Noront Resources provides exploration update - Zibb.com
Jun 29, 2009
...surveys on several deeper holes have been completed and these results are currently being compiled and analyzed to identify additional nickel, copper, PGE targets for follow up drilling at a later date. AT12 Dike --------- >> Three...

Volta Resources intersects 41 metres @ 3.23 grams per tonne of gold at its Kampti gold project in
Jun 24, 2009
...out at the Maména-Fofora prospect identified 3 target zones in an area actively worked by artisanal small...Company has successfully refined and classified the 3 target zones into areas of complex and contaminated regolith...

Cuervo Reports Appointment Of Brian Berner As Chief Executive Officer - Zibb.com
Jun 16, 2009
...shown consistent, high-grade results. Recently completed ground geophysical surveys have also identified two additional target zones on the property, each with gravity-modelled tonnage estimates in excess of a billion tonnes. For further...

Avantair, Inc. Announces Closing of Initial Tranche of Private Placement - Zibb.com
Jul 1, 2009
...SEC, accessible on the SEC's website at http://www.sec.gov, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. This news release was distributed by GlobeNewswire...